If the Minimum Wage Kept Up With the 1% Income Gains, How High Would it Be?
If wages increased at the same rate for minimum wage workers as the 1% income gains, it would be $31.45 today. If it kept up with worker productivity, it would be $18.30.
The new CEO Paywatch site: www.paywatch.org just released 2013 figures today. And it's crazy.
Key takeaways:
-The CEO-to-Worker Pay ratio in 2013 was 331:1.
-The CEO-to-Worker Pay ratio for minimum wage workers was 774:1.
-From 2009-2012, the top 1% captured 95% of the income gains.
At 3 p.m. today AFL-CIO President Richard Trumka is doing a Reddit "Ask Me Anything" on CEO pay.
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